OXY Company Profile

This company engages in the exploration and production of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing, and Other. The Oil and Gas segment explores for, develops, produces, and markets oil and condensate, natural gas liquids (NGLs), and natural gas. Its domestic oil and gas operations are located in California, Colorado, Kansas, Montana, New Mexico, North Dakota, Oklahoma, Texas, Utah, and West Virginia; and international oil and gas operations are located in Bahrain, Bolivia, Colombia, Iraq, Libya, Oman, Qatar, the United Arab Emirates, and Yemen. As of December 31, 2011, this segment had proved reserves of approximately 3,176 million barrels of oil equivalent. The Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, chlorinated isocyanurates, sodium silicates, calcium chloride, and ethylene dichloride products; vinyls comprising vinyl chloride monomer and polyvinyl chloride; and other chemicals, such as resorcinol. The Midstream, Marketing, and Other segment gathers, treats, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, and carbon dioxide. This segment also trades around its assets consisting of pipelines and storage capacity, as well as oil and gas, and other commodities; and engages in the power generation activities. The company was founded in 1920 and is headquartered in Los Angeles, California.

Occidental Petroleum News

Before Tuesday’s opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the important analyst commentary for investors.

June 05, 2015

Dividends are an effective income generation tool for both short- and long-term investors. To capitalize on dividends, investors must ensure that they purchase the stock before the ex-dividend date and hold the stock through this period. Payments...

Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its...

Wells Fargo Upgrades Occidental Petroleum to "Outperform" (OXY)

Sep 26, 2013

Wells Fargo reported on Thursday that it has raised its rating on Occidental Petroleum Corporation (OXY) .
The firm has upgraded OXY from "Market Perform" to "Outperform," and has boosted its valuation range from $88-$96 to $109-$121. This new range suggests up to a 23% upside from the stock's current price of $92.91.
Analyst Roger D. Read commented: "We are adopting a positive view of Occidental Petroleum based on the potential for its proposed restructuring to unlock value and create a higher growth and more focused E&P company."
"The transformation involves disposing and/or monetizing the lower-growth portions of the business and is not yet fully accounted for in the share price, in our opinion. As a consequence of the proposed disposals, we utilized a sum-of-the- parts approach to value OXY’s E&P, Midstream and Chemicals operations. Our sum-of-the-parts approach concluded that OXY should be valued at roughly $115/share, which offers significant upside potential to our previous valuation and current share price," added the analyst.
Occidental Petroleum shares were mostly flat during pre-market trading Thursday. The stock is up 21% YTD.

The Bottom Line

Shares of Occidental Petroleum Corporation (OXY) have a 2.76% yield based on Wednesday's closing price of $92.91.
Occidental Petroleum Corporation (OXY) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Early on Monday, analysts at Deutsche Bank lowered their price target on Occidental Petroleum Corporation (OXY) to reflect a lower-than-expected valuation of an asset that the oil and gas exploration company is trying to sell.
Though the analysts lowered OXY's price target from $114 to $109, they still maintain a "Buy" rating on the stock. The new price target suggests a 22% upside to the stock's Friday closing price of $89.49.
Deutsche Bank analyst Paul Sankey said, "Bloomberg Finance LP reports that Oxy is seeking sale of 40% of Mideast operations for around $8bn, which would imply $20bn total value for the unit. However reportedly some suitors are valuing the asset at around $15bn. This is a relatively negative valuation against our previous view that Oxy would be seeking $25+bn for its MENA business. We are cutting our price target to $109/share to reflect this lower implied valuation."
Occidental Petroleum shares were up 96 cents, or 1.07%, during pre-market trading on Monday. The stock is up 16.81% year-to-date.

The Bottom Line

Shares of Occidental Petroleum (OXY) offer a dividend yield of 2.86% based on Friday's closing price of $89.49 and the company's annualized dividend payout of $2.56 per share.
Occidental Petroleum Corporation (OXY) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

** Under no circumstances does the information on this website represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the 'publisher's exclusion' from the definition of 'investment adviser' as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

*** All dividend payout and date information on this website is for information purposes only. We do not guarantee the accuracy of any dividend dates or payout amounts. Always check with your broker first before purchasing any security.